ON Semiconductor Draws Down $1.17 Billion From Its Revolving Credit Facility

Published: 25/03/2020
ON Semiconductor Draws Down $1.17 Billion From Its Revolving Credit Facility
Source: WWW.BUSINESSWIRE.COM

PHOENIX--(BUSINESS WIRE)--ON Semiconductor Corporation (Nasdaq: ON) today announced that it has drawn down approximately $1.17 billion from its revolving credit facility. The company has no immediate use of the funds, and it has made the withdrawal out of abundance of caution to have access to sufficient liquidity in an uncertain macroeconomic environment. With this withdrawal, the company has mad

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